BEER WAR !

[tombogan03884]

http://news.yahoo.com/sabmiller-makes-hostile-10-billion-bid-fosters-054946458.html

MELBOURNE (Reuters) - Global brewer SABMiller went hostile with its $10 billion bid for Australia's Foster's Group, going direct to shareholders on Wednesday at a discount to Foster's last trade.

A deal would join together the brewer of Miller Lite, Peroni and Grolsch with the Melbourne-based maker of Victoria Bitter, Pure Blonde and Cascade beer, and would be the biggest deal since InBev paid $52 billion to buy Anheuser-Busch to form AB InBev in the world's biggest cash takeover in 2008.

Foster's rejected SABMiller's offer at A$4.90 a share in June, and its chief executive, John Pollaers, said the offer was so low it was not worth discussing.

He recently came under fire from some shareholders for failing to engage with SABMiller.

"As there has been no willingness to engage in relation to SABMiller's proposal on the part of the Foster's Board, SABMiller has decided to make an offer to Foster's shareholders directly," SAB said.

When SABMiller launched its bid for Foster's, analysts said the London-based brewer may have to pay up to A$5.20-A$5.40 to succeed, but now some believe A$4.90-5.10 will win the day, according to a Reuters poll.

($1 = 0.953 Australian Dollars)

[fightingquaker13]

Wow, a real turf war among drug dealers with one trying to take over the other. Just like in Mexico, only wait, no one is getting killed. I wonder why?
FQ13

[tombogan03884]

Wow, a real turf war among drug dealers with one trying to take over the other. Just like in Mexico, only wait, no one is getting killed. I wonder why?
FQ13

I know where you are going and to help the thick, or those who haven't had their coffee yet I will finish the thought.
Could it be because prohibition was such an abysmal failure that beer is now legal, which gives brewers the option of resorting to the courts instead of Thompsons ?

[Solus]

I know where you are going and to help the thick, or those who haven't had their coffee yet I will finish the thought.
Could it be because prohibition was such an abysmal failure that beer is now legal, which gives brewers the option of resorting to the courts instead of Thompsons ?

Also, think of all the weapons it freed up for the ATF to give to the Mexican Drug Lords.

[philw]

will be interesting to see what the $500 mil that Fosters are offering to pay there share holders in extra divides will to to get there support and not sell out

[Sponsor]

[shooter32]

http://news.yahoo.com/sabmiller-makes-hostile-10-billion-bid-fosters-054946458.html

 since InBev paid $52 billion to buy Anheuser-Busch to form AB InBev in the world's biggest cash takeover in 2008.

I stored hops for Anheuser-Busch Inc. for 23 years until the InBev buy-out, and now wont drink the stuff..... 

Bitter.. table of one..